SPY: Weekly and Monthly outlook for August

3 thg 8

Hey everyone,
As promised, here is my analysis on SPY for the week next week and the month of August.

As always, safe trades and take care!

4 thg 8

Ghi chú

SPY Snagged the first high target on the week, and is heading for the second at 634 :O.

6 thg 8

Ghi chú

My guess was correct, heading for the bullish high prob targets first.
We can expect to end the week having snagged 635.

What happens next will depend, rejection at 635 is good for the bear thesis, breaking over then there is no immediate downside risk before retracing a new ATH.